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Although it may seem hard to buy bitcoin without a bank account, services that allow the unbanked to buy bitcoin often deliver your coins faster. You also maintain more of your privacy when you use services that don't require a bank account
There are two good ways to buy bitcoin without a bank account: with credit card, or with cash.
We'll show you exchanges that work for both methods.
Credit Card: Option #1 to Buy Bitcoin without a Bank Account
Credit card is one way to buy bitcoins without a bank account. The main benefit is that the delivery of coins is fast.
The exchanges in the table below allow you to buy bitcoin with credit card.
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Popular Exchanges
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Fees
1%
Account Minimum
$50
Promotion
None
- Supports Bitcoin, Ethereum & 15 other coins
- Well-known and trusted exchange
- Your capital is at risk.
Crypto assets are unregulated & highly speculative. No consumer protection. Capital at risk.
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Coinmama
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Fees
2.93% - 3.90%
Account Minimum
$30
Promotion
30% Referral Commission
- Works in almost all countries
- Highest limits for buying bitcoins with a credit card
- Reliable and trusted broker
Cash: Option #2 to Buy Bitcoin without a Bank Account
Cash is the second option. Below you can find exchanges that allow you to buy with cash.
LocalBitcoins
Local Bitcoins provides escrow and offers a number of payment methods for buying bitcoin with no bank account. Cash deposit, Western Union, face-to-face cash trade, Amazon gift card are all offered on top of many other payment methods. Local Bitcoins provides escrow, but be sure to buy from sellers with previous trade history and positive feedback.
Pros
- Can be private, fast and easy
- In-person trades require no personal information
- Purchases of bitcoin can be made quickly via cash deposit
Cons
- Beware of scams; always follow the rules!
- Harder to buy large amounts of bitcoins compared to large exchanges
- Slightly to significantly higher prices than regular exchanges; premium for higher privacy
Ease of Use
Hard
Privacy
High
Speed
Fast
Fees
Low
Reputation
Trusted
Limits
Average
LibertyX
LibertyX lets you buy bitcoin with cash at a number of retail stores across the United States. You'll have to verify your identity before buying, making LibertyX less private than some of the other options. You can buy up to $1000 worth of bitcoin. You'll be charged a 1% fee on all purchases, but if you sign up with Facebook you can buy your first $1000 fee free. Your bitcoin should arrive a few minutes after your payment is made.
Pros
- Easy and fast way to buy bitcoins with cash
- Low 1.5% (plus store fee) rate for cash purchase method
- Daily $1000 limit is fairly high for a convenience service
Cons
- Participating stores add their own variable fee
- Some verification is required which lowers the expected privacy level of cash purchase
- Attaching your Facebook account further degrades privacy
Ease of Use
Average
Privacy
Average
Speed
Average
Fees
Average
Reputation
Trusted
Limits
Average
Bitcoin ATMsCoin ATM Radar helps you find Bitcoin ATMs in your area, where you can buy bitcoins with cash and no bank account.
Pros
- Our map makes it super easy to find a Bitcoin ATM near you
Cons
- Bitcoin ATMs often have 5-10% fees per purchase
On top of the options listed above, it's always possible to buy bitcoin at your local meetup or from a local Bitcoin ATM. Use Coin ATM Radar to find a Bitcoin ATM in your area.
The availability of the services listed above may vary by location.
